Please help

Thanks for checking in with us, Merhill770. 

We can set up Cost of Good Sold as an account in Chart of Accounts instead of an item in Products and Services. First, create an account to track your inventory value: 

1. Go to the Gear icon at the top, then Chart of Accounts.
2. Select New.
3. Choose Current assets from the Account Type drop-down.
4. Select Other current assets from the Detail Type drop-down.
5. Press Save and Close.

Then, create an account to track your cost of goods sold. I'll show you how below:

1. Go to the Gear icon at the top, then Chart of Accounts.
2. Tap the + New Plus icon. 
3. Choose Cost of Goods Sold from the Account Type drop-down.
4. Select the closest type of Cost of Goods Sold that matches your situation from the Detail Type drop-down. If you're not sure, use Other Costs of Service - COS.
5. Press Save and Close.

To learn more about this one, check out this article: Can I track inventory manually in QuickBooks Online?. If you're trying to set up a COGS account for an inventory item, then you can add it under the Expense account. To do this, create an item by following the steps below:

1. Go to Sales and choose Products and Services.
2. Click New.
3. Select your preferred Product/Service information.
4. Fill in the necessary information and make sure to choose COGS under the Expense account.
5. Click Save and close.

For more tips and other resources, you may visit our page in managing your business in QuickBooks: QuickBooks Online Self-help articles.

I'll be right here to continue helping if you have any other concerns or questions about QuickBooks. Assistance is just a post away. You have a good one.

But if the company buys a lot of peaces, parts it needs to give the service. How can they track the quantity of each part (that is available when you use inventory)??? There is a lot of parts that I want to know the quantity and the expenses.. for example auto repair and parts..

Thanks for following up with the Community, Merhill770.

You can use your Bundle feature to track parts and pieces.

Here's how:

1. In the left navigation bar, go to Sales, then Products and services.
2. Click New.
3. Choose Bundle.
4. Enter its necessary details.
5. Specify the appropriate items in your PRODUCT/SERVICE field and be sure to enter their quantity in the QTY column.
6. Select Save and close.
   

I've also included a detailed resource about working with bundles which may come in handy moving forward: Create a bundle

Please don't hesitate to send a reply if there's any additional questions. Have a great day!

 if I need to import the invoices from online store website like Part Authority (where I bought the supplies) to excel or quickbooks , how could I do that?

It looks like this is a duplicate post, @Merhill770.

My colleague Candice C already shared her answer to your concern regarding importing invoices from an online store. You can check her response through this link: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/re-export-invoices-from-onl....

The QuickBooks Community team is always here to help if you have any other concerns or follow-up questions. Have a good one, @Merhill770.

Hello Rainflurry,

I have reviewed the solution you’ve shared and it's correct and accurate. Thank you for sharing your inputs to help address the issue.

We love to see members supporting one another! Have a great day.